TRID: Auditing the LE & CD for Compliance

Auditing & Accounting Compliance Lending Operations

On-Demand Webinar:

StreamedMar 6, 2025Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

This detailed session will dive into what auditors must know for TRID compliance.

Many tools will be provided to aid in completing a TRID audit, including tips on calculating TRID-sensitive dates, examples to ensure proper selection of the loan’s purpose, formulas to verify calculations, and a list of common costs and their appropriate placement within the Loan Costs table. Join us to learn more about this challenging topic.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Audit for timing requirements
Determine if disclosures were issued in good faith
Identify if a valid changed circumstance occurred
Verify critical numbers using the FFIEC tool
Review completed TRID documents for accuracy

WEBINAR DETAILS

TRID continues to be a challenging regulation, and it is critical that your institution has implemented tools to regularly audit the Loan Estimate (LE) and Closing Disclosure (CD) for accuracy. Join us as we review critical TRID components, including document delivery timing requirements, determining if the good faith standard was achieved, and identifying if a valid changed circumstance was encountered and supported by file documentation. This program will include an explanation of how to utilize the FFIEC’s disclosure computational tool to test the accuracy of the annual percentage rate and finance charges. In addition, it will provide guides to assist auditors with LE and CD regulatory citations.

WHO SHOULD ATTEND?

This informative session is designed for those responsible for TRID compliance, including mortgage lenders, real estate lenders, loan closers, loan processors, compliance staff, risk professionals, and audit personnel.

TAKE-AWAY TOOLKIT

TRID calculation formulas
Examples of purpose types defined by Regulations C and Z
Changed circumstances worksheet
Tolerance chart identified by fee category
Sample loan cost comparison worksheet
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.